Property prices will increase
Property prices will increase
That is the judgment of Mr. Nguyen Manh Ha - Chairman of Vietnam Real Estate Brokerage Association at the Vietnam Real Estate & Financial Market Overview Forum 2019 this morning.
Mr. Nguyen Manh Ha said that the economy has developed stably, limited supply is a factor for real estate prices to rise slightly in the coming time. The cause of the decrease in supply due to the recent review of real estate projects in many provinces and cities across the country.
2019 is the year when the real estate market has difficulties and advantages intermingled, but generally still grows well. Mr. Le Tien Vu - Deputy General Director of Cat Tuong Real Estate Group acknowledged, the apartment segment of mid-range price from 1 to 2 billion VND each will still attract consumers. The suburban land market will also develop more stably and sustainably.
According to statistics of the Vietnam Real Estate Brokerage Association, in 2018, the supply and the successful transaction volume in the market segments, especially the graceful housing segment, had good growth. The total supply of housing real estate reaches 175,000 products, an increase of about 20% with 2017; Total successful transactions reached 113,000 transactions, market absorption rate reached 90%. In particular, condominiums account for a very high proportion of the total source of houses in Hanoi and Ho Chi Minh City, respectively 87.2% and 98.7%.
Mr. Vo Tri Thanh - former Deputy Director of the Central Institute for Economic Research and Management said that the real estate market is very sensitive to planning information. But in the past, planning is very vulnerable to rumors, so it is necessary for the market to be transparent about the information. "This will limit the speculation of price blowing, avoid the disadvantages for buyers with real needs" - Mr. Thanh said.
Some information experts, from now until the end of the year, are expected to have 4 amended laws, of which the Bidding Law and the Construction Law will affect the real estate market. Therefore, businesses also need to prepare their minds and investment trends.
From now until the end of 2019, the real estate market is more structured; Clearly identify each type of product and there will be no "fever" of each segment of real estate product segment; Clearer investment mechanism after reviewing mechanisms and policies in housing construction business ...
Thuan Hung
